Ethereum News: $2.45M ETH Move and Glamsterdam October Upgrade Test

Ethereum News: ETH Moves, Glamsterdam Testing and Quick Slots Proposal Ethereum had an eventful stretch, with movement on several fronts at once. The Ethereum Foundation shifted a chunk of ETH to a new wallet, developers locked in a testing date for the next major upgrade, MetaMask rolled out a fresh anti-scam feature, and a handful of large wallets made notable trades. Here is a rundown of what happened and what it might mean for the network going forward. At a Glance Ethereum Foundation sent roughly $2.45 million in tokens to an unlabeled Gnosis Safe wallet; it still holds about $235.46 million in tokens and $23 million in USDC. Glamsterdam upgrade heads to public testing on Sepolia on October 6, with client software due by September 29. MetaMask launched Added Protection, a feature that forces transactions to match their preview or fail automatically. The Quick Slots proposal (EIP-8198) aims to cut Ethereum's block time from 12 seconds to 10 seconds. On-chain trackers spotted large whale rotations between BTC, ETH, and HYPE this week. Ethereum price today is at $2509.4, up 2.3% over 24 hours. Ethereum recorded about $15.6 billion in trading volume, while its market capitalization stood near $306.4 billion. Source: Coingecko Data Ethereum Foundation Moves $2.45 Million in ETH to Gnosis Safe According to monitoring from on-chain analytics firm Arkham, the Ethereum Foundation moved approximately $2.45 million worth of ETH to a Gnosis Safe multisignature wallet that carries no identifying label. Because the destination wallet isn't tagged, it isn't yet possible to say whether it remains under the Foundation's control or whether the funds were sent to an outside party. That distinction matters: a transfer to a Foundation-owned wallet would likely be routine treasury management, while a transfer to an external address could suggest a sale or a grant payment. Arkham's data shows the Foundation's labeled address still holds a substantial reserve on top of this transfer. Source: Arkham Data Ethereum Foundation On-Chain Details Latest Data Amount transferred ~$2.45 million in ETH Destination Unlabeled Gnosis Safe multisig Remaining ETH holdings ~$235.46 million Remaining USDC holdings ~$23 million Sale confirmed No External transfer confirmed No Glamsterdam Testnet Date Set for October 6 Ethereum developers have confirmed that the Glamsterdam upgrade will begin public testing on the Sepolia testnet on October 6. Client teams face a tight window, needing to ship Sepolia-compatible software by September 29, which leaves only seven days for security review before testing starts. Developers also flagged a specific risk: since Sepolia's test ETH is free and builder identities can be reused, bad actors could repeatedly win block auctions and then withhold transaction payloads, disrupting the test environment without threatening any real funds. A second test run on Hoodi is tentatively planned for October 27.